09.03.2022
In the Media: Xavier Landes discusses some economic consequences of the current war in Ukraine
SSE Riga Professor Xavier Landes published an article in the Internet magazine “Satori.lv” in which he discusses some economic consequences of the current war in Ukraine.
He advances three points.
- No matter the issue of the invasion, Russia will likely suffer from a durable loss of trust, especially among investors not very keen on putting their capital at risk due to the actions of the Russian government and ensuing international sanctions.
- The war has made it harder to disregard the Kremlin's strategy of offering positions in the board of Russian corporations to key European political leaders as well as the support provided to various populist movements. Therefore, the European nations should monitor more closely potential conflicts of interest, in particular when involving hostile political power.
- Landes underlines the opportunity represented by the current war of reinforcing European energy sovereignty. Ending the dependence on Russian fossil fuels will be a long and costly process that could, through massive investments in green energies, prepare better Latvia for future climate challenges."
Link to the article (in Latvian): https://satori.lv/ article/kars-ukraina-no- uzticibas-sabrukuma-lidz- zalajai-geostrategijai